Senior Merchandiser

Theory

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Job Details

Job title

Senior Merchandiser, Theory

Location

New York, United States

Level

Executive / Coordinator

Function

Merchandising & Allocation

Posted

Contract

Full-time, Salary Unspecified

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Job Description

MANAGE RAW MATERIAL & FINISHED GOODS INVENTORY:

 Fabric Buying and Allocation:

  •  Project fabrics to place prior to market based on historics, fabric knowledge and assessment, design intention and budgets. Must have keen understanding of fabric properties, cost (as this translates to finished goods) and yields
  •  Re-asses fabric positioning when orders are received. Determine where to chase, how to allocate leftover and what colors to assort
  •  Plan all fabric allocation by factory - inform fabric teams of how to color assort fabric and how much to ship to each location (generally using PGA)
  •  Determine fabrics to hold as positioning for future cuts / chase and where to hold them
  •   Report all leftover fabric, where it is located, planned consumption time frame (for accounting)
  •   Whether owned or not owned by Theory
  •   Point person when fabric or production teams need an approval on whether or not to accept a fabric that does not match sample yardage
  •  Responsible for liquidating all liability
  •  Chase/recut/adds
  •  Work with outlet team to use liability
  •   Plan 3rd POP cuts to liquidate leftover fabric/achieve bi-annual off price sales plans
  •  Sell offs

ATS Planning:

  •  Plan inventory to cover outstanding orders not received at the time of market as well as reorders for in season. Manage against the purchase budget and adjust accordingly as orders change
  •   Identify opportunistic inventory to hold in reserve
  •   Finished Goods Management and Reporting
  •   Plan all finished good cuts based on desired units, fabric availability, fabric delivery and factory allocation – make decisions on final cuts as we get final fabric shipments and yields / revise plans based on changes in sales orders
  •  Accountable for all finished goods inventory
  •  Maintain against budget and closely monitor/report to upper management and finance
  •  Responsible for execution of all adds/recuts/chases

 FRC:

  •   Plan all monthly FRC cuts at the style/color/size level and maintain approximately 2 months of supply
  •  Monitor fabric ownership for FRC to fulfill future demand

 SALES ORDER MANAGEMENT:

  •  Key-holder of sales projections and final orders from all channels of business
  •  Report roll up of orders at each milestone / ensure that sales budgets are achieved
  •  Ensure initial orders and reorders are being fulfilled and optimized
  •  Plan inventory to achieve reorder goals
  •  Monitor cuts by size to ensure ideal levels of inventory are produced
  •  Manage all drop shipments
  •  Determine cut backs when necessary
  •  Supervise all shipping needs
  •  Review/approve shipping budgets as outlined by planning
  •  Accountable for achieving all shipping goals by month
  •  Satisfy special shipping requests from the sales teams
  •   Authority on all questions between production and sales

The Ideal Candidate

  • 4-5 years years of merchadising experience in a luxury or comtemporary RTW brand
  •  Analytical skills
  •  Extremely detail-orientated and able to effectively multi-task
  •  Excellent organizational, presentation and communication skills
  • Able to successfully manage and execute priorities in a timely manner within a fast-paced, high-growth environment
  • Demonstrates a solid understanding of the retail market
  • Team player: ability to work productivity and effectively with retail stores and cross-functional partners
  • Flexible: shifts priorities and changes directions to meet business needs
  • Proactive and entrepreneurial:
  • Pushes to improve efficiency of tasks
  • Persistent with business partners to get things done
  • Takes initiative to explore new ideas to grow the business

About Us

Theory: Defining the New Modern Founded by Andrew Rosen in 1997, Theory revolutionized the contemporary market with its concept of the urban uniform, a modern edit of elevated essentials. The Fast Retailing acquisition of Theory in 2004 spurred global expansion of the brand; today, Theory operates 221 freestanding stores worldwide. The launch of e-commerce in 2010 and collaborative relationships with department and specialty stores continue to position Theory as a continually expanding international omnichannel phenomenon. A leader in Fast Retailing Group's dossier, Theory balances luxury with accessibility in collections with integrity known for their precisely tailored silhouettes and exceptional fabrics.